Late last night, Senator Charles Schumer (D-NY) announced that proposed changes to the tax treatment of carried interest, strongly opposed by the commercial real estate industry, would be removed from the Inflation Reduction Act. This is the latest in a
Sills Cummis & Gross P.C.
Sills Cummis & Gross P.C. is a regional law firm based in New Jersey that provides legal services across multiple practice areas. The firm frequently publishes content related to real estate development, environmental law, state and local incentives, land use, and economic development. Their publications often address regulatory changes, redevelopment challenges, tax credit incentives, and litigation matters affecting businesses and municipalities. The firm also covers topics such as transit-oriented development, brownfield redevelopment, and community benefits in urban planning. Sills Cummis & Gross serves clients involved in commercial real estate, environmental remediation, and public policy, offering insights into legal and regulatory frameworks impacting these sectors.
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Update: DEP to Delay Publication of “Emergency Rule” on Flood Hazard and Stormwater Regulations
Sources in Trenton report that the Department of Environmental Protection (DEP) will announce on Monday a delay in publishing the “emergency rule” that was the subject of our June 3 Alert. After feedback from a number of impacted stakeholders,…
DEP to Adopt “Emergency Rule” Mid-June That Will Require Many Projects to Be Redesigned or Abandoned
Anyone with a pending or planned project that involves either an area near a non-tidal river or stream or a project that is subject to DEP’s stormwater rules will likely need to reassess the scope of the project if approvals
…
NJ Employers Forced to Choose Tax Breaks or Work From Home. How It Could Change Your Week
Check out this article from NorthJersey.com (subscription may be required): https://www.northjersey.com/story/news/2022/04/29/work-from-home-nj-return-to-office-requirement-tax-breaks/9538697002/
Top New Jersey Lawmakers in No Rush to Have State Regulate ‘Warehouse Sprawl’
As seen on: www.app.com
By: Daniel Munoz
Warehouses and distribution centers are popping up across New Jersey as consumers embrace online shopping, and the state’s top lawmakers seem to have little appetite for legislation to slow the trend.
Despite complaints about “warehouse sprawl” from some…
Newark Introduces Ordinance to Expand Its Inclusionary Zoning Ordinance
The City of Newark recently introduced an ordinance that would amend its Inclusionary Zoning Ordinance (“IZO”) to expand the scope of the IZO, while offering certain density and other bonuses to developers. The City Council voted to introduce the ordinance
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Singleton Bill on Municipal Tax Abatements Passes Committee
Source: News From The Senate Democrats
TRENTON – In an effort to improve economic growth and development in distressed communities and neighborhoods, the Senate Community and Urban Affairs Committee passed legislation today sponsored by Senator Troy Singleton, which would require
…
Is New Jersey Moving Away From Home Rule?
Three recently introduced bills in the New Jersey State Legislature could hint at an emerging policy shift away from the state’s time-honored respect for “home rule” and towards a more regional approach to land use planning. While the proposed legislation…
Legislation Introduced to Establish Optional LSRP-Styled Municipal Construction Code Review Program
Legislation was introduced in Trenton this week that would allow developers to opt for an expedited construction plan review program, pursuant to which an agency would have ten (10) calendar days to render a decision under the State Uniform Construction
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Legislation Creating “Inter-Municipal” Land Use Boards Revised, Approved in Senate Committee
By Ted Zangari & Corey Klein
Bill Would Now Give County Planning Boards, State Planning Commission say in “Large Warehouse” Applications before NJ Land Use Boards
A bill pending in the New Jersey State Legislature would send developers to county planning boards or the State Planning…